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Mali and International Fund for Agricultural Development ink deal to connect farmers to rural financing
By providing a range of financial products, including savings, credit and micro-insurance, the project will enable smallholder farmers to invest in the necessary infrastructure and equipment that will help them produce, store, process and better market their products.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Press release: IFC invests $100 million in Mahindra Finance for loans to farmers
“Since its inception in 1991, Mahindra Finance has been working in the rural and semi-urban areas of India, catalyzing financial inclusion of the unbanked and under-served communities and also partnering with them in their difficult times. Our focus has been on enabling these customers with innovative financial solutions, tailor made to their evolving needs” said Ramesh Iyer, Vice-Chairman & Managing Director, Mahindra Finance.
- Categories
- Agriculture
- Region
- South Asia
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Don’t Throw the Banks Out with the Bathwater: Why the 2017 Findex Shows Opportunity for Microfinance Institutions
The World Bank's most recent Global Findex report has cast significant doubt on the lofty goal of universal financial access by 2020. Signs point to the slowing of financial inclusion in many places, raising questions as to how regulated microfinance institutions should respond to the emergence of mobile money and other fintech disruptors. After examining the numbers, here’s why Scott Graham of FINCA International argues that traditional banks still serve a vital purpose.
- Categories
- Finance
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Federal Bank looks to acquire Madura Microfinance
The acquisition will help Federal Bank venture into microfinance and grow its priority sector loans.
- Region
- South Asia
- Tags
- microfinance
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India’s RBL Bank Completes Ownership of Microfinance Institution (MFI) Swadhaar Finserve with Equity Purchases from Accion, Individual Investors
For an undisclosed prices, RBL bought a 36-percent stake from US-based NGO Accion and a total of 4 percent from a group of unidentified individual investors.
- Region
- South Asia
- Tags
- microfinance, MSMEs
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Press release: Opportunity Fund Launches Largest Small Business Impact Fund
Opportunity Fund, a leading Community Development Financial Institution, creates the
largest Small Business Impact Fund in the country that lends directly to underserved
entrepreneurs, helping the California-based organization expand its offerings across the
country.- Categories
- Uncategorized
- Region
- North America
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Press release: Village Enterprise Promotes Campaign to End Poverty in Times Square
"Village Enterprise provides rural Africans living in extreme poverty with the tools and resources they need to start sustainable businesses and savings groups," said Village Enterprise CEO Dianne Calvi. "With the profits and savings from their businesses, entrepreneurs can send their children to school, feed their families more nutritious food, and break cycles of poverty that can span generations."
- Region
- Sub-Saharan Africa
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Press release: VisionFund Cambodia Sold To Woori Bank of Korea
In line with VisionFund International’s strategy, it will redeploy the funds to other microfinance institutions across its network that are at earlier stages of development, in markets less wellserved by microfinance providers and where VisionFund, as an early entrant offering microfinance services can impact more vulnerable families, living in rural communities with limited ability to access financial services.
- Region
- Asia Pacific
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